Mining sector fueling GDP growth

New investment laws, economic reforms send foreign investors clear message of confidence

Ahead of this year's celebrations marking 45 years of solid bilateral relations, Mongolia and China signed a strategic partnership aimed at lifting their mutually beneficial partnership to a loftier level in key economic areas.

Combined with an acclaimed new investment law that provides investors with greater protection, at least $50 billion foreign direct investment is expected to flow into the resource-rich country Mongolia over the next decade.